Write your problem statement

It is a paragraph of text that explains to you and others what problem you are trying to solve (that one smallest problem for a niche you chose on an underserved market you found).

Every word in this statement is important because basically it is a specification for a "solution designer" who would create a solution based on it. You change one single word in your problem statement and a solution can change.

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A problem statement is a concise description of the issue you're addressing, serving as a foundation for your startup's mission. Here's how to create a powerful problem statement:

Key Components

1. Target Audience: Clearly identify who is experiencing the problem.

2. Specific Issue: Describe the exact challenge or pain point.

3. Context: Provide relevant background information.

4. Impact: Explain the consequences of the unsolved problem.

5. Urgency: Convey why this problem needs immediate attention.

Writing Tips

1. Be Specific: Avoid vague language; use concrete terms.

2. Use Data: Include relevant statistics or metrics when possible.

3. Keep it Concise: Aim for 2-3 sentences or about 50 words.

4. Avoid Solutions: Focus solely on describing the problem.

5. Use Present Tense: Frame the issue as an ongoing challenge.

Example Structure

"[Target audience] is experiencing [specific issue] in [context], resulting in [impact]. This problem [urgency statement]."

Remember, every word in your problem statement shapes the direction of your solution. Carefully consider each term to ensure it accurately represents the core issue you're addressing.